Citi Chief Economist Names China’s Three Problems
Here is a recent article and interview by our friend over at the Epoch Times, Valentin Schmid. Citigroup chief economist has some interesting comments on China but at the beginning of the interview outlines the issues he sees in Europe and European banks that can extend around the world.
Click here to visit the Epoch Times website and read the full article.
Here is the video of the full interview…
It might be illegal under the treaty, but as I explained a few weeks back on KER, it will never formally be described as such – not by Germany’s so-called Constitutional Court or anyone else.
This guy scares the crap out of me. He’s all for bail-ins. But it’s not quite clear of the bail-ins are just from those that own European bonds or for all depositors of a bank.
God forbid we let the banks fail!
Draghi is making talk of bail-out. (Illegal under the treaty)
So bank stocks up sharply today.